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The FDA warned Cyberonics of manufacturing deficiencies at the Houston plant
that makes its sole product, the VNS Therapy System - a device that stimulates
the vagus nerve to reduce seizures.
NeoSurg Technologies, a developer of minimally invasive access products for
laparoscopic surgery, has been granted a patent relating to its bladeless tip
technology.
Medical devicemaker Vision Sciences has entered a distribution agreement with
a unit of Medtronic for its Flexible Cystoscope with Slide-On EndoSheath System.
Integra LifeSciences, a maker of skin grafts and surgical instruments, has acquired
the Newdeal Technologies group of companies for roughly $53 million in cash,
subject to certain adjustments.
Biosite, a research-based provider of novel, rapid
medical diagnostics, has submitted a premarket approval application (PMA) to
the FDA for the Triage Stroke Panel.
VitalWorks, a leader in radiology and diagnostic image and information technology
solutions, has completed the sale of its medical division to Cerner for $100
million in cash pursuant to the definitive agreement signed Nov. 15, 2004.
Alliance Imaging, a national provider of diagnostic imaging services, has successfully
completed the sale of $150 million in aggregate principal amount of its 7 1/4
percent Senior Subordinated Notes due 2012 in a private placement transaction.
Gen-Probe licensed technology from AdnaGen, a private company based in Germany,
that may help increase the accuracy of molecular diagnostic tests to detect
prostate and other cancers, help determine the aggressiveness of these malignancies
and monitor responses to therapy.
Dual-chamber pacemakers may be more expensive than single-chamber models, but
they're worth it because they reduce the risk of hospitalization and disability,
a new study finds.
Ophthalmic Imaging Systems (OISI), a provider of ophthalmic digital imaging
systems, has received a commitment from Boston-based Dutchess Private Equities
Fund to purchase up to $9 million of OISI's common stock during a 30-month period.